Thailand's Producer Prices Rise 7.2% on Energy Costs
Thailand's producer prices jumped 7.2% in June 2025 as global energy costs surged, with mining products rising 25.5%, though fruit prices fell from oversupply and consumer spending weakness.
Thailand's Office of Trade and Investment Policy announced that the June 2025 producer price index reached 114.3, up 7.2% from the same month last year. High global energy prices pushed up petroleum products and related industrial goods, while agricultural prices rose 3.7% owing to strong demand for rice, cassava, rubber, and palm oil. However, fruits—particularly durian, mangosteen, and coconut—declined sharply due to oversupply, while pork, chicken, and shrimp prices fell as consumer spending contracted. Mining products surged 25.5%, led by crude oil and natural gas prices amid Middle East tensions and rising transport costs. Industrial products climbed 7.2%, with petroleum refining, chemicals, rubber, plastics, electronics, and gold all rising. The forecast for the third quarter of 2025 suggests slower growth in the producer price index as global energy prices moderate, though they remain elevated compared to last year. Energy and transport costs are expected to remain high, while limited pricing power will constrain businesses from fully passing costs to consumers.
